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New Mexico solar 101: must read before you buy solar panels

New Mexico State 18 solar panels available

  • $0.61/W Average gross price of a solar power system as of June 2022
  • 1 years Average system payback period
  • 39 960 / year Average savings from going solar in New Mexico
  • 4 ¢ / kWh Levelized cost of solar energy
  • 3.1 kW Recommended system size

Benefit from a PV system
in New Mexico

Solar panels in New Mexico

New Mexico #2 in the US
Solar Ranking

What our happy customers say

The website UI is really intuitive and I figured out what I want pretty quickly. Went for Canadian Solar panels plus a solaredge inverter. I went to their fulfillment center to grab my order, and they were very quick to bring it out. The staff really made sure to warn me that panels are fragile and I appreciate that. Drove the package home safely, unpacked, all good. Right now we’re in the middle of the installation process, they sent a letter asking how I’m doing and asked for a review. Here I am! The panels are nice and it was a pleasure doing business with you.
Lime
Via Trustpilot
Apr 7, 2022
Fantastic company. Everything went smooth and the shipped was fast. The customer service was great.
Joe M.
Via Trustpilot
Apr 5, 2022
So I’m from LA and everybody’s going solar here so though that I should too. But I was really afraid it would be too much of a hassle. Eventually i went on google and soon found a1store. They got a pretty website and lots of articles on solar, and I flicked through a couple. So I decided to contact them, they were very friendly and we scheduled a call with their engineer. He was very patient with me and explained all the basics that I needed to know.

So i made an order, one of their centers is nearby, so i ordered pickup. I drove there, and they warned me to drive the panels carefully and pack them well for the road. seems like it's a recurring thing that people break their panels on the way home. I was real careful and yeah, I got home safely. Panels are in my garage now. I already found the installer. we have to take care of some papers and then it’s on!
Jerry Burton
Via Trustpilot
Mar 23, 2022
Great selection of high quality solar panels, good pricing, fast shipping, everything arrived in great condition.
Paul
Via Trustpilot
Mar 8, 2022
I ordered some solar panels. The top 4 ones were damaged during delivery (A1 had emailed me in advance what to check for before I took delivery which I followed even though the truck driver was pushing not to inspect them as thouroughly) and A1 replaced them in a timely manner and kept me informed. The price on the panels were some of the best on the internet (delivered). I would buy from them again.
Robert Broughton
Via Google
Nov 27, 2021
I ordered some solar panels but during delivery, the top 4 were broken by the shipping department.

A1 replaced them and kept me informed when the replacements would be in. I would buy from them again.
Robert Broughton
Via Trustpilot
Nov 27, 2021

Review us on Google or Trustpilot

Solar laws, incentives and rebates in New Mexico you need to know

Save 26% of your PV system cost with Federal Solar Tax Credit 

The most important solar incentive that you should definitely make use of is Solar Investment Tax Credit (ITC) program available across all the US. You can deduct 26% of the total cost of your solar system from the income tax. The total solar system cost implies not only on solar panels and accessories, but also on shipping and installation costs. To claim the ITC, you need to have your solar system installed before 2022, complete all the necessary forms and submit them when filing your taxes.

Revived New Mexico Solar Tax Credit saves you another 10% of the system’s cost

Once having expired in 2016, the “New” Solar Market Development Income Tax Credit has been effective again since March 2020. Just like with the ITC, you can save up to 10% of your system’s cost, but no more than $6,000. Even if your tax liability is less than the credit amount, you can roll over what is left into the next 5 years. Complete all the necessary forms and submit them when filing your taxes. The overall credit for this program is limited to $8,000,000 annually, so it makes sense to apply early in the year. Don’t forget that you can make use of this program independently from the ITC. 

Save hundreds of dollars over the year with Net Metering

If your system is a little too big for your house and produces more energy than you need – it’s actually great news. You can sell that energy with the New Mexico Net Metering Program. If a system is smaller than 10 kW, a utility company can either buy excess electricity from you at the current electricity price or give you credits for the sent kWhs. It is a great opportunity for owners of home installations, since most residential solar systems in New Mexico are 5-6 kW. If a system is bigger than 10 kW, then the surplus energy is purchased at the utility's rate.

Overall, the net metering program allows you to save hundreds of dollars over the year. The rates and special conditions, however, vary from company to company. For example El Paso Electric warns the customers that a system shouldn’t produce more than 120% of their annual energy consumption to be a part of the Net Metering program. Otherwise, load displacement or separate net metering take place. Contact your electric supplier for the latest numbers and rules. 

Overall, the net metering program allows you to save hundreds of dollars over the year. The rates and special conditions, however, vary from company to company. For example El Paso Electric warns the customers that a system shouldn’t produce more than 120% of their annual energy consumption to be a part of the Net Metering program. Otherwise, load displacement or separate net metering take place. Contact your electric supplier for the latest numbers and rules. 

Save additional $100 to $1,000 a year trading SRECs

For generating clean electricity every American can also get Solar Renewable Energy Certificates (SRECs). Unlike with Net Metering, you don’t need to sell any electricity to receive a certificate. One SREC is granted for 1 MW of generated power. A 5kW system can generate over 7 MW over the year, so in theory it’s possible to get 5-7 SRECs in 12 months if you send all your energy into the grid. You can choose to store or sell these certificates using the WREGIS platform. The lifetime of a Renewable Energy Certificate in New Mexico is 4 years. The value of SRECs is always changing, which makes them similar to stock market assets. In New Mexico a SREC can cost around $100—$200 (around 13 cents per kWh). Overall, selling SRECs could bring in from $100 to $1000 annually for a 5kW system. Consult with your installer and utility about participating as all utilities have agreed to keep track of solar energy that the grid receives. To begin storing and trading your credits, you will need an account with Western Renewable Energy Generation Information System (WREGIS).

Save additional $100 to $1,000 a year trading SRECs

For generating clean electricity every American can also get Solar Renewable Energy Certificates (SRECs). Unlike with Net Metering, you don’t need to sell any electricity to receive a certificate. One SREC is granted for 1 MW of generated power. A 5kW system can generate over 7 MW over the year, so in theory it’s possible to get 5-7 SRECs in 12 months if you send all your energy into the grid. You can choose to store or sell these certificates using the WREGIS platform. The lifetime of a Renewable Energy Certificate in New Mexico is 4 years. The value of SRECs is always changing, which makes them similar to stock market assets. In New Mexico a SREC can cost around $100—$200 (around 13 cents per kWh). Overall, selling SRECs could bring in from $100 to $1000 annually for a 5kW system. Consult with your installer and utility about participating as all utilities have agreed to keep track of solar energy that the grid receives. To begin storing and trading your credits, you will need an account with Western Renewable Energy Generation Information System (WREGIS).

Solar panels raise the value of your home, but not the property taxes

In New Mexico solar panels are guaranteed to bring in money. To ensure that, the state established that PV systems don’t increase property asset value, and therefore your property taxes stay the same as if you didn’t have an installation. The exception to the rule are solar elements integrated into windows. But make no mistake: a house with a solar system costs more on the property market. If the property is sold, the value of an installation can be included in future tax assessment.

Make your home sustainable and get more tax credits

In New Mexico you can also get tax credits if your home or an office is considered a sustainable building. The amount of credit depends on square footage and the level of sustainability, and varies from $0.30 to $6.25 per square foot. The program applies both to commercial and residential buildings and ends in 2026. In order to become a part of it, complete an application form and mail it to the Energy, Minerals and Natural Resources department. However, if you already made use of New Mexico Development Income Tax Credit for your solar system, you may not be eligible for this program.

Install your solar panels in New Mexico with no worries

In general, you don't need permission to install solar panels in New Mexico. However, solar laws in New Mexico specify that the installer of a system must have a license from construction industries division (CID) in the EE-98 or ER-1 classification to perform the job. However, you might need a structural analysis of your roof by a licensed engineer to have your solar panels installed if:

  • the dead load of the whole array exceeds 5 lbs per square foot on the roof,
  • point load of solar panels is bigger than 45 lbs on roof construction,
  • total dead load is bigger than 200 lbs on any truss, rafter, or roof joist,
  • you are using a unique roof-mounted design,
  • there are over-spanned trusses, rafters, or roof joists in the roof construction.

Your installer will be able to tell whether these conditions apply to your situation. Otherwise, it is absolutely legal to install solar panels on your house in New Mexico.

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